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it's beginning to feel like groundhog day in the talks of the fiscal cliff. both sides dug in, no agreement in sight and we're 23 days from the brink. join us to break down where it stands, two leader senators, charles schumer and bob corker. house speaker boehner said friday another week has been wasted. given president obama won the election and seems to have most of the political leverage, what's the realistic deal to be made in the next 23 days? >> first of all i think something's going to happen. i hope it's large enough for people who want to see entitlement reform to vote for. the president has leverage but the republicans have leverage with the debt ceiling, hopefully cooler heads will prevail. theorist are coming forward on how to deal with this. it's a unique moment in history where every developed country in the world, economists on both sides of the aisle know the greatest threat of the country is fiscal solvency. the minority party is trying to leverage the president into doing something great for the nation. i hope the pres see the light. >> sen
it's beginning to feel like groundhog day in the talks of the fiscal cliff. both sides dug in, no agreement in sight and we're 23 days from the brink. join us to break down where it stands, two leader senators, charles schumer and bob corker. house speaker boehner said friday another week has been wasted. given president obama won the election and seems to have most of the political leverage, what's the realistic deal to be made in the next 23 days? >> first of all i think something's...
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. >>> news of fiscal cliff talks have been making headlines. here is their twist on budget talks for today's late-night laughs. >> we'd like to announce that we have reach and agreement to avoid the fiscal cliff. in order to get the support of the speaker, i agree there would be no tax increases. i repeat, zero tax increases. now, why would i do that? i mean i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. earlier this week i found my way into the congressional cafeteria, and what i do see? john boehner sitting by himself. all alone. not a single member of his party wanted to share his company. he didn't even have any milk to drink because, well, tell them why, john. >> they had taken my milk and thrown it in the garbage. >> these are supposed to be his friends. his colleagues. but even at the hint that the taxes might be raised on his leadership watch, they turn on him. tell them what you found in your office desk. >> oh, i don't -- >> no, no. go ahead. hey, tell them what your so-called friends
. >>> news of fiscal cliff talks have been making headlines. here is their twist on budget talks for today's late-night laughs. >> we'd like to announce that we have reach and agreement to avoid the fiscal cliff. in order to get the support of the speaker, i agree there would be no tax increases. i repeat, zero tax increases. now, why would i do that? i mean i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. earlier this week i found...
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the fiscal cliff talks, stuck in neutral. and, growing concern syria will use chemical weapons, against its own people. ♪ >> chris: with just 23 days to go, and more posturing than progress, will the white house and republicans cut a deal to avoid big spending cuts and tax increases? we'll talk with two senators on the front lines of the debate. democrat charles schumer, and republican, bob corker. then, the u.s. draws a red line. telling syrian president aassad not to use chemical weapons in the country's civil war. we'll discuss the intelligence and the possible fallout with israel's ambassador to the u.s., michael oren, a fox news sunday exclusive, plus the supreme court agrees to take up same sex marriage. we'll ask our sunday panel what the court is likely to decide, whether gays have a constitutional right to marriage. >>> and, a final farewell to my best friend, winston. all, right now, on fox news sunday. ♪ >> chris: and hello, again from fox news in washington. well, it is beginning to feel like ground hog day, i
the fiscal cliff talks, stuck in neutral. and, growing concern syria will use chemical weapons, against its own people. ♪ >> chris: with just 23 days to go, and more posturing than progress, will the white house and republicans cut a deal to avoid big spending cuts and tax increases? we'll talk with two senators on the front lines of the debate. democrat charles schumer, and republican, bob corker. then, the u.s. draws a red line. telling syrian president aassad not to use chemical...
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cliff talks. he was a negotiator back in the debt limit talks back in the summer of 2011 as well. this is one of the reasons why you might not see the president nominate the treasury secretary and name his economic team for some time maybe until even they get this fiscal cliff mess behind them because if they nominate jack lou that could tie him up for confirmation hearings and they don't want to risk that. >> rose: they have somebody say this to me when i was down in washington for the kennedy honors, if lyndon johnson was president he would have him what the whitehouse and he would lock the doors and say we're not going to left you out until you get a compromise. when the president hears that kind of talk, how does he respond? >> well i tried to push him on that in the interview. it's pretty striking that just the night before speaker boehner had been to the whitehouse for the annual christmas party. they didn't even exchange any pleasantries are, they didn't have a conversation. it shows you al
cliff talks. he was a negotiator back in the debt limit talks back in the summer of 2011 as well. this is one of the reasons why you might not see the president nominate the treasury secretary and name his economic team for some time maybe until even they get this fiscal cliff mess behind them because if they nominate jack lou that could tie him up for confirmation hearings and they don't want to risk that. >> rose: they have somebody say this to me when i was down in washington for the...
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for both of you, and that is the fiscal cliff deadline that congress faces. the reality is, if you hear it from the outside, these public statements from both sides, it doesn't sound very good. here's speaker boehner and the president talking at the end of the week. >> when it comes to the fiscal cliff, this threatening of our economy and threatening jobs, the white house has wasted another week. the president has adopted a deliberate strategy to slow walk or economy right to the edge of the fiscal cliff. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> so here's my sense, congressman mccarthy. why in the minds of republicans aren't they processing it this way? look, president, we'll give you what you want on rates. let them go up. but we have to get something in return. big cuts in the medicare program, and we're willing to make a deal is. that essentially the thinking of speaker boehner at this point? >> the president wants the rates to go up, that doesn't solve the problem and we don't
for both of you, and that is the fiscal cliff deadline that congress faces. the reality is, if you hear it from the outside, these public statements from both sides, it doesn't sound very good. here's speaker boehner and the president talking at the end of the week. >> when it comes to the fiscal cliff, this threatening of our economy and threatening jobs, the white house has wasted another week. the president has adopted a deliberate strategy to slow walk or economy right to the edge of...
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, but those conversations shouldart of a plan to avert the fiscal cliff. why not, is my question. you said in that speech there is absolutely savings to be derived from the medicare program and trimming it back. why shouldn't it be front and center in a specified way beyond what the president is proposing, which is about $350 billion over 10 years in cuts? >> david, medicare will run out of money in 12 years. we know that we have to do something to make sure that we take an approach that doesn't voucherize it or take the approach of the paul ryan budget, but keep this a sound program and a solvent program. i just don't think we can do it in a matter of days here before the end of the year. that was my point. we need to address that in a thoughtful way, through the committee structure, after the first of the year. but the point i want to get to is this. we have already cut more than $1 trillion in spending as part of deficit reduction. we now need to put revenue on the table. the american people spoke on this issue in the election. i'd say to speaker boehne
, but those conversations shouldart of a plan to avert the fiscal cliff. why not, is my question. you said in that speech there is absolutely savings to be derived from the medicare program and trimming it back. why shouldn't it be front and center in a specified way beyond what the president is proposing, which is about $350 billion over 10 years in cuts? >> david, medicare will run out of money in 12 years. we know that we have to do something to make sure that we take an approach that...
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well, it is beginning to feel like ground hog day, in the talks to avoid the fiscal cliff. both sides dug in, no agreement in sight. and, we're now just 23 days from the brink. joining us to break down where things stand, are two leading senators. democrat charles schumer, of new york. and, republican bob corker, of tennessee. gentlemen, house seaker boehner said on friday that another week has been wasteded. senator corker, given that president obama won the election, and seems to have most of the political leverage, what is the realistic deal to be made in the next 23 days? >> first of all, i think something will happen. i hope it is large enough for people like me that want to see entitlement reform to vote for. the president has leverage and the republicans have leverage with the debt ceiling and the c.r. which ends in march and hopefully cooler heads will prevail. there are different theories coming forth on how to deal with this and again, chris, it is a unique moment in history, where every developed country in the world, economists on both sides of the aisle, know t
well, it is beginning to feel like ground hog day, in the talks to avoid the fiscal cliff. both sides dug in, no agreement in sight. and, we're now just 23 days from the brink. joining us to break down where things stand, are two leading senators. democrat charles schumer, of new york. and, republican bob corker, of tennessee. gentlemen, house seaker boehner said on friday that another week has been wasteded. senator corker, given that president obama won the election, and seems to have most of...
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immigration reform, once they get through the fiscal cliff, by all wantch objects there could be movement on that in the new year. >> schieffer: all right. we're going to take a break right here and when we come back we'll talk about all this and some other stuff going on in washington. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> schieffer: we're back now with our panel. joe klein, let's get back to something else that happened this week in the senate that shows this is kind of a different place than it once was and i talked about this in my commentary. this is turning down the treato disabilities,
immigration reform, once they get through the fiscal cliff, by all wantch objects there could be movement on that in the new year. >> schieffer: all right. we're going to take a break right here and when we come back we'll talk about all this and some other stuff going on in washington. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building...
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cliff talks compared to only 19% who trust speaker boehner and the republicans. obviously the president has got some leverage. and then "the new york times" also found that a disturbing finding, i think, that 85% of john boehner's republicans in the congress who just won re-election with more than 55% of the vote. that, to me, is a problem for the president as well. because they think they have a mandate. each individual one as they come into their office. >> bill: yeah, they're living in a parallel universe. it is like, you know, jay carney today called it fantasy economics. it is also fantasy politics. look, they lost the white house. they lost the senate. they lost eight seats in the house of representatives. the american people are not with them on this issue. here's what i'm afraid is going to happen. they're going to agree. let the 98% go through. they'll put that up for a vote. that will pass the house. they'll let the tax cuts go up on the wealthiest of americans. 2% at the end of the year. then they're going to kick the can down the road and we're going
cliff talks compared to only 19% who trust speaker boehner and the republicans. obviously the president has got some leverage. and then "the new york times" also found that a disturbing finding, i think, that 85% of john boehner's republicans in the congress who just won re-election with more than 55% of the vote. that, to me, is a problem for the president as well. because they think they have a mandate. each individual one as they come into their office. >> bill: yeah, they're...
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. >> and speaking of tears, "saturday night live" spoofed the fiscal cliff talks this week in that opening skit. president obama says he is giving in to republicans to save boehner face. >> you know what, republicans, you win, okay? you get what you want, but you lee had man alone. you leave this poor, orange man alone. you okay? >> yeah. >> i can't hear you. >> yes, yes. >> there he is. >> good day. i'm andrea mitchell live in washington. well, there they were side-by-side, and for real they were in the white house this weekend. president obama taking his message of middle class tax cuts and tax increases for the rich to detroit today. just as michigan is facing a big vote against union organizing in a state long identified with the labor movement. joining me now for our daily fix, msnbc contributor and managing editor of "post politics.com". good day to you. well, first of all, the labor movement really on the ropes now in michigan of all places. michigan where detroit, of course, was the heart of the auto movement, the auto union, and now you've got a vote -- final vote is tomorrow as t
. >> and speaking of tears, "saturday night live" spoofed the fiscal cliff talks this week in that opening skit. president obama says he is giving in to republicans to save boehner face. >> you know what, republicans, you win, okay? you get what you want, but you lee had man alone. you leave this poor, orange man alone. you okay? >> yeah. >> i can't hear you. >> yes, yes. >> there he is. >> good day. i'm andrea mitchell live in washington....
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senator kent conrad is here to update us on the fiscal cliff talks. syrian rebels are gaining what would be assad regime do? we'll hear from richard edgel on the border and david ignacious here, and an award winning documentary on the war on drugs, a war with unintended consequences. that next on andrea mitchell reports. could only come from nature. new nectresse. the 100% natural no-calorie sweetener made from the goodness of fruit. new nectresse. sweetness naturally. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor sh
senator kent conrad is here to update us on the fiscal cliff talks. syrian rebels are gaining what would be assad regime do? we'll hear from richard edgel on the border and david ignacious here, and an award winning documentary on the war on drugs, a war with unintended consequences. that next on andrea mitchell reports. could only come from nature. new nectresse. the 100% natural no-calorie sweetener made from the goodness of fruit. new nectresse. sweetness naturally. a body at rest tends to...
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we're talking about the fiscal cliff running out of time, so different factors people are trying to play the end of the year trade. we're getting down to the end of things now. liz: what were they buying today, what were they selling? >> a follow-up from what we have seen in the past and what we think we will see in the future. just because regulations will be a little bit more transparent coming forward and the energy sector has been a hot one. how will that play in 2013. my clients are not looking at tomorrow or next week, they're looking to second quarter next year. liz: that is smart. i know you're looking at oil as well, looking at the aftermarket down another dollar on top of the $20 closing. no help at all. history the dollar was so weak the dollar still cannot manage, but what is this about? >> i know you love and we dip. liz: i think it is fascinating to watch, which truly is. >> yesterday the dollar was lower, today the dollar is higher. the dollar was pretty strong today. i agree with him about it being sensitive, but i think there is uncertainty. we are not really doing anyth
we're talking about the fiscal cliff running out of time, so different factors people are trying to play the end of the year trade. we're getting down to the end of things now. liz: what were they buying today, what were they selling? >> a follow-up from what we have seen in the past and what we think we will see in the future. just because regulations will be a little bit more transparent coming forward and the energy sector has been a hot one. how will that play in 2013. my clients are...
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but so sad. >> terrible. >>> let's talk about the fiscal cliff. we know they are talking, but we don't know what the president and house speaker john boehner are saying, they have been keeping fiscal cliff negotiations very quiet. the president doesn't have any public appearances scheduled today. people are reading the tea leaves, saying it's more serious than before. let's get to jeff sessions from alabama. ranking member of the budget committee. >> soledad, nice to be with you. >> appreciate that. is that a fair read, the quieter it gets means more is getting done. when they are saying nothing, it means we're close to a deal? >> you know, when we are reading tea levels a tea leaves and that's all we have, that's how bad it is. it looks like the president and the speaker of the house will decide this on christmas or new year's eve and plopped down in congress and we'll be told to vote for it or have a national crisis. this should have been done in public, been talking about this for months, it should have been openly done. american people observi
but so sad. >> terrible. >>> let's talk about the fiscal cliff. we know they are talking, but we don't know what the president and house speaker john boehner are saying, they have been keeping fiscal cliff negotiations very quiet. the president doesn't have any public appearances scheduled today. people are reading the tea leaves, saying it's more serious than before. let's get to jeff sessions from alabama. ranking member of the budget committee. >> soledad, nice to be...
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i want to talk to you about the fiscal cliff. but, first, i want to talk about jim demint. >> sure. >> what is this say about the senate, about the ability of someone like jim demint, an avowed conservative, to accomplish what he wants to accomplish within that chamber, that he felt the need or saw the opportunity to step outside of the chamber? what does that say about the folk like yourself who are still within it? >> well, jim demint is going to continue to be a leader in this country for years to come. specifically on conservative issues. he's going to continue to push for ways to cut spending and to limit the size of government. and i welcome that. he's choosing to do it outside now rather than inside the senate but he's had a huge, positive influence on the senate and we're going to continue to see that for years to come. >> senator, this may seem like a simple question, but i wonder, and a lot of people do is the senate from your perspective, is the senate a difficult place to be if you are someone who comes from executive
i want to talk to you about the fiscal cliff. but, first, i want to talk about jim demint. >> sure. >> what is this say about the senate, about the ability of someone like jim demint, an avowed conservative, to accomplish what he wants to accomplish within that chamber, that he felt the need or saw the opportunity to step outside of the chamber? what does that say about the folk like yourself who are still within it? >> well, jim demint is going to continue to be a leader in...
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the impending fiscal cliff. the two sides have reported it will patrol gress so far. so what now? that satellite launched earlier in week by north korea, may or may not be working properly. u.s. officials indicate the spacecraft is tumbling. but not likely to crash in to the earth. there are questions about whether the national labor relations board has gone from impartial rulings to a pro-union bias. we look at the agency. "special report" from washington starts at 6:00 eastern. now have back to fork and my colleagues with "the five." ♪ ♪ >> andrea: welcome back to "the five." barbara walters revealed her most fascinating person picked last night. we'll tell you our thoughts in a moment. but first, the list inspired me along with "time" magazine upcoming person of the year naming to hit the streets to ask americans who they think deserves the title. who do you think should be person of the year? >> harry from one direction. >> eli manning. >> the president. >> i think mitt romney. i think. i mean it's hard
the impending fiscal cliff. the two sides have reported it will patrol gress so far. so what now? that satellite launched earlier in week by north korea, may or may not be working properly. u.s. officials indicate the spacecraft is tumbling. but not likely to crash in to the earth. there are questions about whether the national labor relations board has gone from impartial rulings to a pro-union bias. we look at the agency. "special report" from washington starts at 6:00 eastern. now...
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, i think a lot of people expect it if we come it to a deal with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you said, there are places that business can succeed. is it government-infused money to get there, or is it going to be actual, real, american dollars in there? >> susan, that's really the opportunity. first of all, i don't think inflation is a concern for years. in order for inflation to be a concern it it has to get into the wage cycle. we're far from that. the needs are clear. ports, roads, transport rail and plus protection against extreme weather. on the other side demand. the demand for infrastructure investments isle coming from the private sector. this is very new and it's driven by the fact as rates come down the opportunities for investors, pension funds and sovereign wealth funds to find opportunities to give them the yield they want, 5 to 6% are disappearing. infrastructure offers that opportunity. it's a long-term opportunity. it matches their liabilities, what the
, i think a lot of people expect it if we come it to a deal with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you said, there are places that business can succeed. is it government-infused money to get there, or is it going to be actual, real, american dollars in there? >> susan, that's really the opportunity. first of all, i don't think inflation is a concern for years. in order for...
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everyone is watching washington for any news from these private fiscal cliff talks. and brace yourselves, the federal reserve begins its two-day meetings on interest rates today. >> christine romans is here talking about the fascinating report of what the world will look like in 2030. >>> every four years this report is put together, the global trends report. this is to give to incoming administration to show them what the world will look like, what intelligence agencies think the world will look like. it's fascinating. it shows china on the rise, the west in decline and china overtaking the united states in size of economy by the year 2030. here are the key findings of the new intel report. it's interesting reading. a majority of the world's population by 2030 will be out of poverty for the first time in world history. there will be wars over food and water and natural resores. populations will continue to rise and there will be recurring global economic crises but when you think about this, you think about how far we're going here. you've got asia, china in particu
everyone is watching washington for any news from these private fiscal cliff talks. and brace yourselves, the federal reserve begins its two-day meetings on interest rates today. >> christine romans is here talking about the fascinating report of what the world will look like in 2030. >>> every four years this report is put together, the global trends report. this is to give to incoming administration to show them what the world will look like, what intelligence agencies think...
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he is behind closed doors right now with the president, talking about the fiscal cliff. this may be a last ditch attempt to try to get a deal. >> president obama was not fretting about the fiscal cliff as he strolled to a holiday party, joking with fox news about the warm weather and expressing hope about a deal. >> it's a work in propro gress. >> speaker boehner not so hopeful. >> it's this issue. spending. he rails against what he claims is not enough spending cut in the proposal and slammed the push for executive powr to raise the debt ceiling something that the democrats never would have given former president george w. bush. >> do you think there is any chance senator obama would have done that? zero. congress is never going to give up our ability to control the purse. >> new fox poll suggests the public wants spending reigned in, with 4% saying the federal government provides too many services. only 20% says too few services, 25% says the right amount. yet, the talks are now so far off-track a senior democrat tells fox at private dinner on wednesday, senate majorit
he is behind closed doors right now with the president, talking about the fiscal cliff. this may be a last ditch attempt to try to get a deal. >> president obama was not fretting about the fiscal cliff as he strolled to a holiday party, joking with fox news about the warm weather and expressing hope about a deal. >> it's a work in propro gress. >> speaker boehner not so hopeful. >> it's this issue. spending. he rails against what he claims is not enough spending cut in...
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and the president is off at least negotiating behind the scenes on the fiscal cliff. >> i think you called it, tamron. look, the rhetoric is scaled back dramatically in the last few days. they're talking and seriously evidenced by the fact we're not learning that much. they're keeping it pretty close to the vest. i think the speaker is under enormous pressure of his own caucus to get something, to extract something in return for these tax hikes. and that's why he's talking about spending cuts. but i think that they're moving along on this process is my interpretation of it. >> as we understand it, both sides are asking for more specifics regarding tax revenue, the president and the white house wants more specifics from boehner. boehner wants more specifics on spending cuts. they have to come to a point of agreement. it would seem, chris. i want to play just a collective i guess ensemble of conservative voices who have all pretty much said throw in the towel on this tax rates issue. let me play it. >> my view is get the tax issue off the table. it's the weakest one for republicans. >
and the president is off at least negotiating behind the scenes on the fiscal cliff. >> i think you called it, tamron. look, the rhetoric is scaled back dramatically in the last few days. they're talking and seriously evidenced by the fact we're not learning that much. they're keeping it pretty close to the vest. i think the speaker is under enormous pressure of his own caucus to get something, to extract something in return for these tax hikes. and that's why he's talking about spending...
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talks. >> presidents get elected to lead. the president talked about a balanced approach. we've brought a balanced approach. but i've said this and you've all heard me say it and i will say it one more time. we are going to begin to solve our debt problem. >> so describing the situation as one step forward, two steps back. today boehner said tuesday's phone call with the president was open and honest. however, that call only lasted 15 minutes, something the speaker himself this morning called deliberate, one of the steps back. yesterday's dueling counteroffers which got the president and congress nowhere closer to a deal. 20 days, that's it from the brink and the fiscal cliff is coming quickly at us. it's doing definite damage to boehner's brand. a new "washington post"/abc poll showing voters overwhelmingly disapprove of boehner's handling of the fiscal talks. it's an even split on the president. who is still sticking to his guns, urging the gop to pass tax cuts for the middle class by chri
talks. >> presidents get elected to lead. the president talked about a balanced approach. we've brought a balanced approach. but i've said this and you've all heard me say it and i will say it one more time. we are going to begin to solve our debt problem. >> so describing the situation as one step forward, two steps back. today boehner said tuesday's phone call with the president was open and honest. however, that call only lasted 15 minutes, something the speaker himself this...
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president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class familiefamilies, w some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but not so fast, mr. president. we need a little more than you're talking about. president obama says his plan reduces the deficit by $4 trillion over ten years. forget the fact it counts war savings which shouldn't count. let's go with the $4 trillion. john boehner said his plan cuts $2.2 trillion over ten years. you shouldn't be comparing those two nubs. what you should think about is $16 trillion. that's how much debt the country has. according to bill groesdz, the man who runs the biggest fund, ie, the man who decides how much we can spend and borrow, we have to cut spending or raise taxes. that's $1.6 trillion a year. that's $1.2 trillion a year more than the president proposes. and $1.38 t
president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class familiefamilies, w some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but not so fast, mr. president. we need a little more than you're talking about. president obama says his plan reduces the...
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Dec 5, 2012
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cliff debate. they would bear the blame if we do go over the edge. the president sat down with bloomberg news yesterday to talk about this. he said he might be willing to budge on some things but tax rates on the wealthy must go up. republicans should agree to raise them he says now and trust them that spending cuts will go away. >> let's put a down payment on taxes let's let tax rates on the upper income folks go up. >> they have heard these problems before any deal must tackle entitlements such as medicare and social security to put them on a sustainable path. vice presidential candidate and budget chairman paul ryan says the overall thinking has to change. >> the problem they are the same. but the old ways won't do. we need new thinking and renewed efforts from all americans. look, it is true that president obama won reelection. i congratulate him on his victory. but on january 20th, he will face a stagnant economy and a fiscal mess. you might even say he will inherit these problems. >> this has
cliff debate. they would bear the blame if we do go over the edge. the president sat down with bloomberg news yesterday to talk about this. he said he might be willing to budge on some things but tax rates on the wealthy must go up. republicans should agree to raise them he says now and trust them that spending cuts will go away. >> let's put a down payment on taxes let's let tax rates on the upper income folks go up. >> they have heard these problems before any deal must tackle...
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Dec 6, 2012
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the fiscal cliff, raising tax rates on the richest americans for them is still off the table. >> the revenues on the table are coming from, guess who? the rich. there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. a plan that can pass both chambers of congress. >> joining me now is former vermont governor howard dean and msnbc's krystal ball. governor dean, our treasury secretary is a very carwful speaker. when asked if they're prepared to go off the cliff, his first word was absolutely. there was nothing, nothing could be more clear that this administration means what they say about getting what they want at this point. >> yeah. the only problem is -- this is a little initially going to team like heresy, the truth is everybody needs to pay more taxes, not just the rich. that's a good start. we won't get out of the probl
the fiscal cliff, raising tax rates on the richest americans for them is still off the table. >> the revenues on the table are coming from, guess who? the rich. there are ways to limit deductions, close loopholes, and have the same people pay more of their money to the federal government without raising tax rates, which we believe will harm our economy. if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. a plan that...